市场认为，与征收股票资本利得税和房地产预提税等可能实施的更为严厉的措施相比，提高存款准备金率仍算是温和的。

The market viewed the increase as mild compared to the potential introduction of harsher austerity measures such as capital gain tax on stock trading and property withholding tax.

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他们认为，企业购并中，购并方的收益率只受两个因素的影响，即企业已分配股息的纳税比率和资本利得税率。

They think that two factors affect the earning rate of purchaser in M&A: the tax rate on paid dividends and capital gains tax rate.

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现在扣除资本利得税，并引入每年3%的通货膨胀率进行计算。

Now subtract capital-gains taxes and add into the mix an inflation rate of 3%.

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现在扣除资本利得税，并引入每年3%的通货膨胀率进行计算。

Now subtract capital-gains taxes and add into the mix an inflation rate of 3%.

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